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THIS MORNING: Madbouly gov’t tomorrow set to announce privatization progress at press conference
PLUS: Turkish media says El Sisi to visit Turkey this month
Oil and gas exports decline on lower prices, production in 4M 2023
Natural gas, crude, and petroleum product exports fell more than 50% y-o-y
Last week was quiet on the privatization front + June’s inflation figures are out next week
Good morning, friends — we’ve missed you. We hope you had a wonderful Eid Adha break and that your transition…
Two new Hilton hotels in Cairo
Hilton hotels incoming in Maspero and Magra El Oyoun
Grandfathered incentives? Great. But what we want are details on the end of tax breaks for state entities.
Grandfathered investment incentives are great, but we’re looking for more on which state entities will lose their preferential tax treatment
It’s going to get easier for foreign investors to import + limits on property ownership set to be scrapped
State could lift two-property limit on real estate ownership — and make it possible for foreign investors to directly import…
THIS MORNING: Export subsidy payouts next week
FinMin will disburse payments to exporters on 12-13 July
Oil majors to invest USD 1.8 bn here by 2025 in search for gas
Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025
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